HomeNews centreHuge rise in number of Foreign Direct Investments to Edinburgh

Huge rise in number of Foreign Direct Investments to Edinburgh

Published Friday, 31st July 2015

The number of foreign direct investments to the Capital this month is the highest attracted since the figures were first recorded in May 2008.

The Edinburgh
Investment Tracker, produced by the City of Edinburgh Council each month,
shows that 11 companies headquartered in countries including the United States,
Germany, South Africa and the Netherlands announced plans to move into the city
in July 2015, and this will create an estimated over 200 new jobs.

Cllr Frank Ross,
Economy Convener, welcomes the news.

“The average
number of foreign direct investments each month is normally around two or
three so this news, which will bring more jobs to the city, is very welcome.
Edinburgh is the most prosperous city in the UK outside London and there
is tremendous confidence in investing here at the moment. Billions of pounds
worth of investment is being ploughed into the Edinburgh 12 key development sites,
which include Edinburgh St James, New Waverley and The Haymarket, therefore
this latest success is not surprising. The arrival of the trams and Edinburgh
Airport’s expansion, as well as the many new flight routes introduced in
2014/15 are also contributing to Edinburgh’s prosperity.

“The companies
coming to Edinburgh this month vary from high-tech life sciences and
software companies to boutique restaurants and retailers. This is a healthy
mix, which is really important to ensure we continue to have a sustained and
varied economy.”

Foreign direct
investments in July:

Brocade
(HQ San Jose, California, USA): Data and storage networking products provider
Brocade has opened an office on Canning Street.

BTIG
(HQ New York, New York, USA): Trader and investment bank BTIG has opened an
office in Edinburgh.